Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-12-06
Is THE SOUTH SOLD FROM \ BUSI-
NESS STANDPOINT?

boards.
IS THE SOUTH SOLD FROM \ BUSI-
NESS STANDPOINT:
The Baltimore JoU,Ral Of Commerce gives
some figures regarding the business end OF
the solid South that will be interesting
to the gentlemen who are trying to put
this section out Of the pale OF the United
States. The blOody-shirt shriekers will do
well 10 examine into this before they put
the bloody shirt intO their platform for
1853. Ia attempting TO array the North
against the south they are antagonizing
great commercial Understanding the
apple OF disco.d into the feast of American
industry The Industries Of the North
and South have clasped hands over the
bloody chasm" Their interests are
identical aud the bloody,shirt wayers will
attempt to disturb this harmony at their
peril.
Of the town of Admission. Alabama, the
Jouyna! Of Commerce says:
Its IRON industries have been in opera
ton long enough TO test their stability ami
10 prove that its furnaces can run through
the worst industrial Expressions aud still
make money.
In 1872 ths Woodstock Iron Company
was organized by MeSsrs. Tyler and Noble
and few associates, with a capital o!
$4,000 They built q litty-tOn chsIcuAl
furnace in 1873 which proved so profta-
bic that in 1919 they built a second. Iu
1881 the same people organized separate
company, With cash capital of $3.50, 900,
and built a cotton factory OF nearly twelve
thousand spiudlrs. Owning all the sur
rounding property, they laid out the site
of what was "a he a model town, but they
sold NO land, pUeterriug to hold 1t all I'M
til the future town was in good shape,
and it was uot until 1888 that the place
was thrown opan to the public. In
1SS2 they established extensive Car wheel
works, then they macaiamiz5d the streets
and built water works, electric light works,
schools and churches, including beautiful
$40, 600 church. All these things they paid
tor in cash, issuing no bonds or notes and
mourning no debts for the city. Then they
built two more furnaces and added to this
By building that wonderful Admission Inn,
which is the marvel and admiratlonO OF every
visitor, and which cost $500, 900 in cash.
And thus they kept on improving the town
until il YVES estimated three years ago that
they had spent nearly $4,000, 900 in cash
in building these new industries, laying out
and pCr.ecting this town. After that they
built extensive car works, rolling mill,
etc. As they went along carrying out these
gigantic enterprises they paid the cash for
them. In 1885 they concluded that 60
mile narrow gauge railroad to open up u
new territory would do Admission good, and
so they built it at cost Of $50, 900 and
paid for IT, For two years they kept four
men out hunting the country for the pick Of
mineral and timber lands, ard as rapidly as
they found what they liked they bought it
and paid for it until they had between
10000 and Is, 600 acres of the best proper
ties that could be discovered. In the lat
ter part Of 1886 they determined to build
two coke furnaces to cost $500, 900, 10
turn out Zoe. COO tons OF iron II year. Their
other four furnaces made charcoal iron.
After deciding on this, and before giving
out contracts, they placed $500, 900 in
bank to the credit of the new furnaces. To
run coke furnaces requires coke, and not
being willing 20 depend on the open mar
ket for a supply OF this fuel, they made q
careful investigation and found that the
Cahaba Coal and Iron Company, owning
5000 acres Of the very best coking coal,
and then mining 700 tons day, could be
purchased it enough money was offered /;
and 80 they put 81, 400, 600 into the pur-
chase and development Of this immense
70 Ga - Nrihlafnru a AnniR-
toms property New mines are being
opened to enlarge the COsl output to
9, 800 tons day, aud several hundred
coke ovens are under construction. Thus,
with an assured coke supply and an an
nual OutpGt q! about 100 o tons OF iron
from their new furnaces, It was deemed
wise to establish diversified industries to
consume this iron ut home, and so local
company was at once formed with cash
capital of $500. 900, 10 build gas and water
pipe works adjacent 20 the furnaces. These
works are nov under construction; they
will probably ne the largest ia the United
States; they will employ 800 hands and
turn out 2OO-tOnS Of irOnpIPe day. About
that time it WAS decided that, by building
a short railroad, 10 cost 81 coo. 900, An
niston would be brought into closer con-
neetion with the West, and the time of
travel to Cincinnati and other points re-
duced several hOuUs. 4 company was
formed and the million dollars raised, in
fact, we have heard IL said that the
amount was raised in one day. This road
is now rapidly bearing completion. Not
long since some New York and English
capitalists were 50 charmed with Annis-
toms advantages that they offered to ss-
tablish immense car and locomotive works,
TO employ from ! 200 10 1850 men,
provided the present car works and
car wheel and axle works could
be secured as nucleus at S22j, 600; and
that to the cash capital OF 81, 800, 900, An
niston people would contribute S275, 900,
making q total from Admission Including
the present car works. of $500, 900. The
owners the Car and car wheel and axle
works agreed 20 merge their establishments
into this immense enterprise on the basis
agreed upon, and then the other S275, 600
was raised; and the Admission paper says 1t
was secured 50 easily So to surprise the
committee having the matter in charge.
All these enterprises have been deyei-
opsd snd these immense mineral and TIM
Der properties, sggregating about lOO,OO0
acres, purchased lrith0ut iReHrTiRg any deots
or isSHing any bonds In fact, IS Mr.. No
BILE, the general manager, stated to the